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    Retail Space in Prescott Gateway Title is generated by Realmo AI

    250 N Lee Blvd. Suite 112, Prescott, AZ 86303

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    For Lease
    $24 SF/Yr

    COMMERCIAL - Prescott, AZ

    Type:Retail
    Lot size:
    5.45 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    219
    Last Refresh:
    May 9 at 5:06 pm

    Property Features for 250 N Lee Blvd. Suite 112

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    BR
    Security features
    Security Lighting
    Exterior features
    Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Lot size
    5.45 Acres

    Taxes and HOA fees

    Tax Description
    An irregular parcel E2SW4; Most NLY corner approximately 2200'.N, 2024.'E from SW corner of S31 contains 5.45 acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2011
    Floors in Building
    1
    Number of units
    13
    Flooring type
    Concrete
    Building materials
    Floor Plans, Gray Shell
    Roof type
    Metal

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    Listing Contact
    Abigail Chartier

    Listing agent Abigail Chartier License #SA710066000

    Listing office Arizona Commercial 122 N. Cortez St. Suite #300, Phoenix, AZ

    Listing date Oct 3, 2025

    MLS# 1076966

    Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High Visibility Location: Situated on State Route 69 with 32,000+ vehicles per day (VPD).
    • Strong Anchor Synergy: Located within the Shops at Prescott Gateway, benefiting from established national and regional anchors like Trader Joe's and Five Guys.
    • Flexible Suite Configurations: Available suites can accommodate various retail, dining, and service‑oriented businesses.
    • Ample On‑Site Parking: Provides convenient access for customers.
    • Premier Destination: Located on a prominent pad of the Prescott Gateway Mall, attracting local residents and regional visitors.
    • Modern Construction: Built in 2011 with features like central air and metal roof.

    Overview

    The Shops at Prescott Gateway offer highly visible retail space within a vibrant shopping hub. The property is ideally positioned along State Route 69 between Prescott and Prescott Valley. Available suites provide flexible configurations to accommodate a variety of uses, from retail and dining to service-oriented businesses. Tenants benefit from strong daily traffic counts of over 32,000 vehicles per day on State Route 69. Ample on-site parking is available. The location provides direct synergy with established national and regional anchors including Trader Joe's, AT&T, SAS Shoes, Great Clips, and Five Guys. Located on a prominent pad of the Prescott Gateway Mall, this premier destination consistently attracts both local residents and regional visitors. This location offers an exceptional opportunity for businesses seeking long-term success in Northern Arizona's fastest-growing corridor. The lot size is 5.45 acres. The zoning is BR. The property is located in Yavapai County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Happy Nails Nail Salon AT&T Store Mobile Phone Store Bank of America ATM Atm ReConnected Device Repair ... Computer & Electronic Repair Great Clips Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pine Ridge Marketplace — 3250 Gateway Blvd, Prescott, AZ 86303
    • The Shops at Prescott Gateway — 254 N Lee Blvd, Prescott, AZ 86303

    Location Insight

    • Map
    • Local Demand
    City
    Prescott
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.405249
    Latitude
    34.54837

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    FAQs

    What type of property is this?
    Shopping center - Highly visible retail space in a vibrant shopping hub.
    Where is this shopping center located?
    The property is located at 250 N Lee Blvd. Suite 112 Prescott, AZ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High Visibility Location: Situated on State Route 69 with 32,000+ vehicles per day (VPD).; Strong Anchor Synergy: Located within the Shops at Prescott Gateway, benefiting from established national and regional anchors like Trader Joe's and Five Guys.; Flexible Suite Configurations: Available suites can accommodate various retail, dining, and service‑oriented businesses.
    (928) 642-3032
    We can help!
    Listing Contact
    Abigail Chartier
    Real Estate License ID: SA710066000
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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